16/7/2024, 1:44:03 pm

Penny stock to consider bonus shares, dividend

IFL Enterprises' share price surged 5% to ₹1.30 apiece on BSE, driven by strong buying interest, ahead of its board meeting to consider bonus shares and dividend declaration. The micro-cap company, with a market capitalization of ₹97 crore, plans to issue bonus shares and declare up to 100% dividend for FY 2023-2024, reflecting its strong financial performance.